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Samsung, Stellantis
Stellantis and Samsung to get $7.54 billion federal loan for two EV battery factories
The Department of Energy preliminarily approved another loan to help fund the construction of electric vehicle battery factories in the US. This time, a joint venture between Stellantis and Samsung SDI will receive $7.
US proposes $7.54 billion loan to Stellantis, Samsung SDI battery joint venture
The U.S. Energy Department said Monday it is proposing to loan up to $7.54 billion to a joint venture of automaker Stellantis and Samsung SDI to help build two electric vehicle lithium-ion battery plants in Indiana.
Stellantis and Samsung Will Get $7 Billion to Build Battery Factories
The loan, from the Biden administration, was designed to withstand Republican attacks and will be used to make electric-car batteries in Indiana.
2d
on MSN
Biden Offers $7.5 Billion for Samsung SDI-Stellantis Hub
A joint venture between Samsung SDI Co. and Stellantis NV to create battery manufacturing plants in Indiana is being offered ...
2d
on MSN
Vivek Ramaswamy says DOGE will 'carefully scrutinize' loans Biden gave to Tesla rivals
The Biden administration is providing financing for two battery factories being built by Stellantis and Samsung, as well as a ...
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